Brown Acquires Second Agency In Week
NU Online News Service, Feb. 6, 4:19 p.m. EST?Brown & Brown Inc., made its second acquisition this week, buying J. Gregory Brown & Company Inc., Insurance and Financial Services in California for terms that were not disclosed. [@@]
J. Gregory Brown, with annualized revenue of approximately $5 million, is a retail insurance agency providing property-casualty, employee benefits products and services to clients throughout California. The agency has offices in Newport Beach and Los Angeles.
The agency will continue to operate with its present management team and staff at its current locations as a free-standing Brown & Brown operation, B&B said.
Earlier this week, it was reported that Brown & Brown acquired Blumberg Associates Inc., of West Hartford, Conn. (NU Online, Feb. 3).
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